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... Manitoba hard may or may not be a good idea about euro ... in matters of the corporate suites even dicier ... Procter and gamble is doing just that the news came down late last night ... that ousted now former CEO Robert McDonald ... and re installed his Former Boss AG Lapsley ... today's page one Wall Street Journal story can see right there ... here discuss it the de tails of that is MoneyBeat owned day Benoit ... but ... I did not see his stock in the world over a long time Eliza slow but Friday I think I think this kind of came out of left field from ... up its early on we don't spend a ... lot for a lot of pressure ... bill Ackman the activists is in there for last year kind of ... beating the drum and the CEO was working out ... I think a lot of people are surprised that they went back to ... the Lapsley who would ... run the company for around two thousand to mid two thousand ... but that's really the big shot right now the lives of McDonald's is now with that written in this year ... they're going back to N J C Penney do the same thing or yellow Ackman ... I ... when is this going back to a former CEO right right so insanely entertaining ... by analysts say are pretty excited about Lapsley Heber and some American ... built ... the PNG up into what is today ... ah but also kind of lead the tracks for what ... McDonald's had to try and fix in the middle the you know the financial crisis right ... aam which were ... too much spending are still trying to cut costs to ... cut back a lot ... which ... is kind of that the feet of class Liam E on a deal to pay fifty four billion dollars fine to let this before last we knew we specifically billions ... were in the Standard razors ... by Leslie P BTO ... College of this is ... O Procter Gamble huge global consumer product companies wrapped ... operating on and on weak economy how much of this is ... Procter and gamble problem ... and how much of this is his and that can be an environment that we're all in bright red at the confluence of both new and so ... McDonnell to kind of come in and made it his goal ... to expand in emerging markets can spend money there ... in any kind of got blindsided in town of wacked and upline Senators' two thousand and two known but of I was going on economy U S Sen and in ... you know developed country ... where ... Procter Gamble Franzen high price ones unthinkable ... cutting out a lower cost France ... well he's standing to ... expand overseas in emerging markets that isn't going well there is much stiffer competition than expected ... now for for Lapsley ... is not an engineer another fifty four billion dollar deal anytime now what is he doing ... so awesome so it's just ... keep it steady really it seems like people are expecting him you know he ... he even said this isn't a long-term saying he's he's in mid to late sixties ... so it's fine whoever else can run this effort easy on ... cut costs ... kind of get sales up in a Celtic really to focus the company a little bit more new aam which is what he'd done the first time in Sydney ... on the second of ... March applause ... as ... he mentioned of the analyst reaction earlier the stock reaction is is the isthe troubled Opel an almost four percent not a bad ... reaction there from the market ... then for Bob ... but that never nice to sit and write daily but I mean nobody is ... going overboard with this move into in terms of how they're reacting to the Senate by J C Penney to a twelve percent and yet they they made their switch ... on right this is not an easy fix this is ... a gigantic company ... things move slowly there ... either ... in the same this year Bill Ackman who manage to get this done but it ... aam ... what we're going have to wait and see this is not this is not equipped to not put a ... lot I didn't think you're a month off when we come back with a look at the winners and losers of the week ... it's Friday meet Friday on MoneyBeat the can down the winners and losers of the weekend Deal land with MoneyBeat own David Benoit ... here to talk about here to give us the rundown we are rare here for winners and losers ... I want to skip ahead to the big one ... that's most of that is the mother let's let's go back to my wall also the first moments may not excite to many people but I'm activists and business are in one or two drug maker spent five billion dollars in March Alcon ... aam a generic drug maker ... Assistly activists it had a couple people turn to buy it for eight billion dollars ... so offended that often so feel free to get the job ... who won on tumbler was actually one of them are excited to resume the leader ... a ... one point one billion dollars Yahoo agreed to pay for home where the blogging site ... of the big deal ... and they'll last time come to raise money and worth eight hundred million so it's a good premium for private company ... insanely excites people he outgrew ... and yet who made the deal that will let them run the company were ... the awful why is it ... think about it yet so you may steal the people on tumbler a little bit worried about the users around the Internet crowd yet but ... seems like Elvis ... at ... the ... time to help it when I did when our ... Jamie Dynan if Jamie time I that's a pretty impressive victory for him this week and Daniel means to JPMorgan ... I keep it faces tough vote on whether to split the chairman and CEO ... last year the mocha forty percent yes split it ... this year despite ... huge hoopla over and only a thirty two percent of the going a million of very very interesting is a very strong mandate for Jamie Dynan of run the company ... he has complete control he gets to go fix these problems they're facing this regulatory issues ... on it's it's a big deal this year thanks to the Hoebbel of the UConn really a lot more about Jamie diming then the bank right ... so this man really is about him write exactly really become a threat ... the racial tension the vote was not afraid to be ... a referenda Mundine for ... the team that came partly because JP Morgan made that the ... buy and clearly he has the support of its shareholders ... let's move on to lose the losers are in sprinklers are from Mars one I it's all a conditional on but ... a last minute they're buying Clearwire in this deal ... it is a section on its own freezer on now so ... hours before the vote was posted on for Clearwire shareholders to approve or not approve the Sprint deal ... spring up since paid by fourteen percent ... delays the vote a week stunned Clearwire is on the verge of bankruptcy if the deal falls apart this is pretty tensed up unbelievable high whose next time next S A C Capital ... the drawn out will guarantee of a ban on the list at the time the bacon is categorical is there ... aam ... this weaker data reports that senior executives at SAIC had been served with subpoenas from the Justice Department ... Ali Osman started the dispensers consider easing Rico charges which essentially would ... call the hedge fund they ... split the EU criminal enterprise ... annuities to get them I'll ... write exactly mobsters the SEC's don't ... know this is the isthe now its ... oversight of the city has has been quick witted they did nothing wrong the film ... on this is gonna which on but that ... it is not good for them no it's not going away on the ... right and who's people who are they lose their Bob McDonnell to Procter gamble which talks about this I'm ... ousted CEO after about four year tenure ... face Bill Ackman the past year kind of really tough questions analysts freely to retain him on conference calls ... per day in Paris seems to ... be seen in ... was just kind of ripped apart ... out ... with a stylus on the former boss ... the company high-profile high profile opponents to ... write to Santa from the opposition from now ... I'd day Benoit they carry my stuff ... the miner alot about the Fed this week inventor named John Hillier the FOMC minutes what you don't realize is what Ben burn Anqi was really saying she lives ... in theory you ... to buy stocks in this week that dares coming ... pretty pricey Chuck Jaffe is here to talk about it ... so Chuck I ... boy you bought stocks this week a not so happy this second ... right ... yeah but if you bought stocks this week I don't think you were expecting to be happy this second that's not really what you're ... trying to capture your average investor may be a day trader is but not an average investor in the big question is ... when ... what was said after burn Anqi statements which some hinting that hey maybe ... this quantitative easing will end later this year ... the sort of stepped up the idea that he was daring you to invest because ... if he winds up ... pushing away the punch bowl well ... that there's gonna be a very strong market effect for lease of the now I do believe actually ... been Henan including a bit of a trial balloon but put some of that and the market ... making it the market starts to react now and starts to cry studying now ... and outweigh maybe it'll knew some of the effect later ... like if you're an average investor ... Ben burn Anqi right now is daring you to invest in and it's not about hiring again this week it's about ironing to do ... going forward and especially once ... he and the Fed say no more quantitative easing write in you can see this morning stocks are down was they were when the when the shows start of both the chart here for a second sea with the Dow is right now ... in a volatile week there's down fifty seven fifty seven points was downloaded more than eighty you know that this setup is what makes the day or so interesting right ... anything that sort of a safe haven bonds especially after the Eels the returns on those are terrible you almost did that that is forced to into the stock market really ... so now what it is not only telling you that you really cannot define to look again return ... but we may stop what we're doing what some pulling up and everything ... that's right in and what you basically ... had all along ... was sort of ... you know that that ... cartoonish episode where ... ok will make ... for Nanking a cartoon character draws the line in the Senate as a dare to come across this line ... an eight day to come across this one ... if you've been invested in the market all on William and said ok I'll cross that line of cross this line of the going ... but you're not worry what if you have been somebody who hasn't been that low in Chinese that that can cause another line ... you're further away from wanting to be addressed the even as the market ... has reached all-time highs ... you don't have a lot of choices I mean it's been amazing on my show ... how many folks we had your ... financial experts were going looking to roll a traditional asset allocation for a while ... simply because you're gonna get a better return ... as a dividend investor then you're gonna get generating income of any type of fixed income so ... they are talking about being more in the stock market ... using the dividends as a way to buffer small losses ... and ... waiting for a time when they change back to a more traditional allocation because ... right now you can get anything on fixed income side so you're you're basically force if you want any return ... you are forced to be in the market and if you are going there ... you're not taking Ben burn Anqi up on and there you will pay for that in some way building question is will you be better off ... in the end after we see how ... whatever happens after we shake off the quantitative easing ... the ... Sikorsky addresses in your column today ... no maybe there are ways that you could flying the ... use of the screen scrape together overturn the comparable to what you might've had ... minus the risk might yell you can make this work without getting into the market ... well I think is what's important here is that you know ... people in the financial world talk about risk free returns and when they talk about at the top that Treasuries but the answer is there's no such thing as a risk free return anywhere ... because if you put all your money in Treasurys why you are exposing it to principal risk the stock market risk ... but you are exposing it to purchasing power risk the ... the chance they may not keep up with inflation and it'll be worth less when you actually need it so ... you have to balance your risks out right now you have to be willing to go up a little that the risk scale ... in return is important you what you also wanna take a look and okay I ... know of I wanna go out to get something and maybe shoot for a four five percent return instead of a one percent return ... and on investing ten thousand dollars ... will buy percent return of ten thousand dollars is five hundred bucks ... if that's gonna change your lifestyle photo by the way you're worried about a twenty five percent correction that could take ... twenty five hundred and ten thousand ... you know maybe you don't have the right risk reward balance of what you're gonna have to do was go ok ... I have to change the lifestyle rather than try to change the return ... eyed Chuck Jaffe excellent stuff as always thank you very much ... thanks for having me ... was a drop in right now on President Obama where is this morning he's in Annapolis Naval Academy ... delivering the commencement speech ... men women uniform come together as one American take ... yet ... we must acknowledge that even here even in our military ... we seen how the misconduct of some ... FX the report part one ... in our day delay ... a single image ... from the battlefield of troops falling short of their standards can go viral and endanger our courses ... and undermine our efforts to achieve it ... we we we we we ... and ... ignored and score by peers for years but now suddenly surrounded by Sooners ... says the plot of a teen romance movie in no time or cause low oil which is suddenly being courted by a few big names ... are on the Street's Miriam Gottfried joins us now to talk about it ... for the big names so we reported last week that Time Warner Cable and DirecTV owner and looking at either find cooling taking a stake in an ... hour per member who is currently in joint venture of ... news core time Sony and ... yes I'm ... NBCU ... aam and ... and CBS and Walt Disney are nobody is on site bought this kit ... PSO anime we've got ... three big media companies ... this is their online strategy for video for ... stop ... to get out there ... though the recovery from a cable companies sort of competitors started competitors and cooler write yet ready to lose ... so I mean ... it's not a huge force but it is sort of a threat to their business cuz it offers a way to get around having people right so is that why is that the strategic panel with a few teaching than a mile or two that we're seeing is ... a huge shift in people starting to watch video on my team and if you're ... these companies ... if your camera cable or DirecTV you're not necessarily plane isn't a big part in that ... aam they've been trying to offer what's called TV everywhere on which is started offering their content online to their current subscribers to be a subscriber to get an ... but that doesn't really taken off people don't really know about why didn't he also haven't been able to get the rights to a lot of the content that they want especially for mobile devices because ... it didn't negotiate that he ... knew ... the content on these are demanding a pretty high some for some these rights and ... they might not wanna pay remained happy if they get ... for from whose parents does this become just a timing thing they tried once to sell it off ... didn't work out as it ... did just a matter of of sort of the Holy deal online viewing ... reaching a critical mass is the timing thing for them I would know that he gets the strategic thinking I mean the reason that they are sorted interested in selling is that there's you know when we've we've had stories at about this it there's been some disagreement among the owners over whether they should focus on ... the subscription model or whether they be in a sort of like a Netflix or whether they should focus on the ad revenue model on which is really where they get most of their traffic from now which you can do both on who had been readily and higher revenue is split pre much fifty fifty from the two sources yes ... so it's ups are hard to say which ones you know ... more successful this ... how critical this to become for all these companies cable companies for the media companies ... have some kind of ... online presence for the deal for the programming ... I think ... you need I mean ... for the need for the owners of the content it to a fresh all I needed and that they have lots of outlets or any era in addition to Lulu ... and that Netflix ... you know they've got Ina other be it on Amazon and that other people they can sell their content to ... aam I think for a day for the phone for the distributors for the cable companies and satellite companies ... in certain important said ... he play no part in that one if this is the way to do it this is the way to do it ... in the one crucial thing to see what is it they do take a stake while they were parrying UK TV subscriber used Lulu and I don't think they should because I think that ... certain eliminates the value of ... hedge against cord cutting her again as you know ... skirting the pay TV company said on a team got the good stuff thanks alot thinking ... that is if Russell coming up on Lunch Break at twelve pm Eastern Washington D C isn't just neck ties in politics anymore ... no no with all the bidding war is a multimillion dollar sales ... the nation's capital may just be the next real estate boom town when the balance as the de tails on Lunch Break to twelve pm ... that's it for money beats a have a great Memorial day weekend ... will see you back your Tuesday at ten thirty a m Eastern I'm Paul vignette ...